Carriage services, inc. (nyse:csv) entered into a definitive agreement to acquire oakmont memorial park and mortuary in lafayette, california from stonemor partners l.p. (nyse:ston) for $33 million.

Carriage services, inc. (nyse:csv) entered into a definitive agreement to acquire oakmont memorial park and mortuary in lafayette, california from stonemor partners l.p. (nyse:ston) for $33 million on december 4, 2019. as per terms, consideration is paid in cash and subject to customary working capital adjustments. stonemor will use all of the net proceeds from this sale to redeem a portion of its outstanding senior notes. the transaction is subject to confirmatory due diligence and regulatory approvals and is expected to close in early january 2020.
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